Thursday, September 3, 2009

Expect big moves in the dollar in the next 10 days

Investment guru Dr Doom Marc Faber said that the correction in equity markets was overdue after the huge run-up since March and currency markets are due for a change in its course.Correction in markets is already underway , China is off 20% from peaks , Currency markets due for a change in course , Since June Euro trading in a narrow range against the dollar , Expect big moves in the dollar in the next 10 days , Dollar will strengthen , equities will correct sharply , Market correction to be led by valuation concerns , Rate of gains in equities has diminished , USD to rebound , Faber then speaks about a wide range of topics including China , India agriculture commodities etc...

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